Is Emami a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Emami Ltd is a good quality company .

Is Emami undervalued or overvalued?

The key valuation ratios of Emami Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Emami share price return in the past 10 years?

Emami Ltd share price has appreciated 5.1% annually (CAGR) over the past ten years.

Is Emami a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Emami Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Emami Ltd - Stock Valuation and Financial Performance

Name: Emami
Brand: Emami

BSE: 531162 | NSE: EMAMILTD | Household & Personal Products | Small Cap

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Emami Share Price

₹635 -9.35 -1.45%
as on 21-Nov'24 16:59

10 Year X-Ray of Emami:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	53.4%	26.9%	21.4%	18.7%	18.8%	18.7%	29.9%	33%	28.7%	32.8%	-
Value Creation Index ⓘ	3.0	1.4	0.9	0.7	0.4	0.4	1.7	1.9	1.1	1.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,217	2,358	2,488	2,531	2,695	2,655	2,881	3,187	3,406	3,578	3,684
Sales YoY Gr.	-	6.4%	5.5%	1.7%	6.5%	-1.5%	8.5%	10.7%	6.9%	5.1%	-
Adj EPS ⓘ	12	8.7	8.3	7.9	6.8	6.8	10.3	19	14.4	16.6	17.7
YoY Gr.	-	-27.1%	-5.2%	-4.5%	-13.5%	-0.3%	50.4%	85.6%	-24.5%	15.7%	-
BVPS (₹) ⓘ	27.1	35.5	38.7	44.4	45.7	40.2	39.7	47.1	52.2	56.1	60.2
Adj Net Profit ⓘ	544	396	376	359	310	309	456	840	634	726	773
Cash Flow from Ops. ⓘ	534	562	730	588	554	531	922	644	749	779	-
Debt/CF from Ops. ⓘ	0.1	1.2	0.7	0.6	0.2	0.4	0.1	0.4	0.1	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.5%	5.8%	7.5%	5.1%
Adj EPS ⓘ	3.7%	19.4%	17.5%	15.7%
BVPSⓘ	8.4%	4.2%	12.2%	7.4%
Share Price	5.1%	15.2%	7.1%	28.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	50.3	27.9	22.3	19.1	15.2	15.9	25.4	43.8	29	30.6	30.5
Op. Profit Mgn % ⓘ	24.4	29.2	30.5	28.5	27.1	26.2	30.7	29.9	25.3	26.6	27
Net Profit Mgn % ⓘ	24.5	16.8	15.1	14.2	11.5	11.6	15.8	26.3	18.3	20.3	21
Debt to Equity ⓘ	0	0.4	0.3	0.2	0.1	0.1	0.1	0.1	0	0	0
Working Cap Days ⓘ	54	64	65	71	87	113	108	102	108	107	81
Cash Conv. Cycle ⓘ	-2	-5	-1	6	8	15	14	13	18	20	39

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 17.47%

Return on Equity has declined versus last 3 years average to 30.40%

Sales growth has been subdued in last 3 years 7.50%

Sales growth is not so good in last 4 quarters at 5.18%

Latest Financials - Emami Ltd.

	Standalone	Consolidated
TTM EPS (₹)	18.1	17.7
TTM Sales (₹ Cr.)	2,987	3,684
BVPS (₹.) ⓘ	63.5	60.2
Reserves (₹ Cr.) ⓘ	2,730	2,585
P/BV ⓘ	10.14	10.70
PE ⓘ	35.56	36.40

From the Market
52 Week Low / High (₹)	417.55 / 859.20
All Time Low / High (₹)	2.34 / 859.20
Market Cap (₹ Cr.)	28,126
Equity (₹ Cr.)	43.7
Face Value (₹)	1
Industry PE ⓘ	62

Management X-Ray of Emami:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

37.14

33.37

36.52

40.12

33.29

17.70

13.33

13.09

11.23

8.15

* Pledged shares as % of Promoter's holding (%)

Valuation of Emami

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Emami

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,217	2,358	2,488	2,531	2,695	2,655	2,881	3,187	3,406	3,578
Operating Expenses ⓘ	1,768	1,736	1,787	1,888	1,967	1,964	1,997	2,235	2,543	2,629
Manufacturing Costs	33	37	47	51	60	61	58	65	74	76
Material Costs	780	812	791	810	923	876	929	1,073	1,201	1,161
Employee Cost	167	208	234	255	280	300	309	318	368	396
Other Costs ⓘ	788	679	715	772	704	728	701	779	900	997
Operating Profit ⓘ	449	623	701	643	727	691	883	952	863	950
Operating Profit Margin (%)	20.3%	26.4%	28.2%	25.4%	27.0%	26.0%	30.7%	29.9%	25.3%	26.5%
Other Income ⓘ	182	109	89	96	35	57	70	95	69	47
Interest ⓘ	5	54	58	34	21	21	13	5	7	10
Depreciation ⓘ	34	255	309	311	325	336	367	335	247	186
Exceptional Items ⓘ	0	0	0	0	-10	-11	0	-5	0	-6
Profit Before Tax ⓘ	592	423	424	393	403	374	569	688	670	791
Tax ⓘ	107	60	84	86	101	71	114	-149	42	67
Profit After Tax	485	363	340	306	303	302	455	837	627	724
PAT Margin (%)	21.9%	15.4%	13.7%	12.1%	11.2%	11.4%	15.8%	26.3%	18.4%	20.2%
Adjusted EPS (₹)	10.7	8.0	7.5	6.8	6.7	6.7	10.2	19.0	14.5	16.6
Dividend Payout Ratio (%)	33%	44%	47%	52%	60%	60%	78%	42%	55%	48%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,231	1,612	1,755	2,014	2,076	1,824	1,763	2,077	2,303	2,447
Share Capital ⓘ	23	23	23	23	45	45	44	44	44	44
Reserves ⓘ	1,208	1,589	1,732	1,991	2,031	1,778	1,718	2,032	2,259	2,403
Minority Interest	5	4	1	1	-0	-1	-1	-2	10	11
Debt	19	671	173	326	110	210	92	264	74	66
Long Term Debt	2	300	0	0	0	0	0	0	0	0
Short Term Debt	18	371	173	326	110	210	92	264	74	66
Trade Payables	193	249	185	242	291	324	351	409	407	455
Others Liabilities ⓘ	228	156	489	216	341	321	315	27	-47	-136
Total Liabilities ⓘ	1,676	2,692	2,603	2,798	2,819	2,678	2,520	2,774	2,746	2,842
Fixed Assets
Gross Block	641	2,355	2,499	2,619	2,815	2,930	2,964	3,495	3,627	3,665
Accumulated Depreciation	188	437	560	873	1,190	1,525	1,885	2,205	2,435	2,604
Net Fixed Assetsⓘ	453	1,918	1,940	1,746	1,625	1,405	1,079	1,290	1,192	1,062
CWIP ⓘ	29	67	22	30	36	8	6	3	6	8
Investmentsⓘ	501	47	128	314	187	156	255	303	293	442
Inventories	127	151	179	194	222	245	300	358	328	323
Trade Receivables	102	131	97	156	216	308	232	321	415	494
Cash Equivalents	354	108	50	80	203	119	360	116	185	201
Others Assetsⓘ	111	270	188	278	328	438	287	384	327	312
Total Assets ⓘ	1,676	2,692	2,603	2,798	2,819	2,678	2,520	2,774	2,746	2,842

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	534	562	730	588	554	531	922	644	749	779
PBT ⓘ	592	423	424	393	403	374	569	688	670	791
Adjustment ⓘ	-36	291	354	337	317	313	330	268	208	168
Changes in Working Capital ⓘ	74	-56	23	-61	-74	-80	109	-169	-11	-34
Tax Paid ⓘ	-96	-96	-71	-81	-93	-76	-86	-143	-117	-146
Cash Flow From Investing Activity ⓘ	-234	-1,306	-297	-279	-23	-228	-227	-235	-113	-205
Capex	-108	-1,814	-281	-123	-133	-148	-32	-480	-30	-29
Net Investments	-284	426	-90	-240	92	-30	-287	223	-92	-175
Others ⓘ	158	82	74	84	17	-50	92	23	9	-2
Cash Flow From Financing Activityⓘ	-215	502	-496	-324	-428	-405	-688	-402	-608	-563
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-5	-52	-58	-34	-21	-21	-13	-4	-6	-10
Dividend Paid ⓘ	-181	-68	-199	-119	-159	-363	-356	-356	-353	-349
Others ⓘ	-29	622	-239	-170	-247	-21	-319	-42	-249	-204
Net Cash Flow ⓘ	85	-243	-64	-15	103	-102	6	7	28	11

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	44.89	25.55	20.2	16.26	14.79	15.5	25.36	43.58	28.65	30.49
ROCE (%)	53.44	26.87	21.36	18.69	18.77	18.7	29.94	33.04	28.7	32.76
Asset Turnover Ratio	1.52	1.1	0.95	0.94	0.96	0.97	1.11	1.2	1.23	1.28
PAT to CFO Conversion(x)	1.1	1.55	2.15	1.92	1.83	1.76	2.03	0.77	1.19	1.08
Working Capital Days
Receivable Days	15	18	16	18	25	36	34	32	39	46
Inventory Days	22	21	24	27	28	32	35	38	37	33
Payable Days	79	99	100	96	105	128	133	129	124	136

Emami Ltd Stock News

Emami Ltd FAQs

What is the share price of Emami?

Company share prices are keep on changing according to the market conditions. The closing price of Emami on 21-Nov-2024 16:59 is ₹635.0.

What is the market cap of Emami?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Emami stood at ₹28,125.9.

What is the P/E ratio of Emami?

The latest P/E ratio of Emami as of 21-Nov-2024 16:59 is 35.56.

What is the P/B ratio of Emami?

The latest P/B ratio of Emami as of 21-Nov-2024 16:59 is 10.14.

What is the 52-week high and low of Emami?

The 52-week high of Emami is ₹859.2 and the 52-week low is ₹417.6.

What is the TTM revenue of Emami?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Emami is ₹2,987 ( Cr.) .

About Emami Ltd

Emami Limited is one of the leading and fastest growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King. The Company is a public limited company domiciled in India and is primarily listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Business area of the company

The Company is one of India’s leading FMCG Companies engaged in manufacturing & marketing of personal care & healthcare products with an enviable portfolio of household brand names such as Boro Plus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm and others.

Products

BoroPlus

Ayurvedic Antiseptic Cream
Prickly Heat Powder
Doodh Kesar Body Lotion
Aloe Vera Gel
Hygiene Range

Navratna:

Cool Oil
Extra Thanda
Extra Thanda Hairfall Rodhak
Garam Ayurvedic Oil
Maxx Cool Talc
Cool

Zandu

Balm
Balm Ultra Power

Fair and Handsome

Fairness Cream For Men
Instant Fairness Face Wash
Complete Winter Solution
Laser 12

Mentho plus

Balm

Fast Relief

Pain Relief Ointment

Vasocare

Herbal Petroleum Jelly

Zandu

Healthcare OTC, Classical, Ethical
Nityam
Kesari Jivan
Ayurvedic Hand Sanitizer

Emami 7 Oils in One

Non Sticky Hair Oil

Kesh King

Haircare

Diamond Shine

Creme Hair Colour: 1.0 Natural Black; 3.0 Dark Brown; 3.66 Cherry Red; 4.0 Natural Brown and 4.16 Burgundy

HE: Deodorants

Passion
Power
Force
Intense
Arctic
Lagoon
Ruler
Innovator
Respect
Achiever
Magic Duo Angel & Demon
Magic Duo Yin & Yang

Emami Golden Beauty

Talc

Emami Naturally Fair

Herbal Fairness Cream

Awards

2018-19

The Institute of Internal Auditors India - Calcutta Chapter awarded the Company for its ‘Excellence in Internal Audit Function’ (in the large manufacturing sector category).
Emami Foundation’s Ayurveda based ‘Sanjeevani’ CSR project was awarded the ‘Kolkata CSR Leadership Awards 2018’ under the category ‘Concern for Health’.
Emami ranks at 18 in the list of top 50 advertisers in 2018 of Pitch magazine. (March, 2019)
Emami Limited has been declared as the Winner of 'Golden Peacock Innovative Product/Service Award' for the year 2019 (for ‘Kesh King Oil Applicator’)
Emami Limited ranked at 425th position in the Fortune India 500 2018 list from its earlier position of 402nd in 2017. In FMCG sectoral list, Emami has been ranked at 20th position out of 23 companies. (December, 2018)

2019-20

Awarded ‘Company of the year- FMCG’ by CNBC-Awaaz for the Company’s outstanding performance on parameters such as growth, capital efficiency and profitability over a period of time
Emami Group was conferred with ‘Star of the Year’ at the 10th edition of Think CSR 2019 Award organised by Tefla’s.

Milestones

1974: Two childhood friends Mr RS Agarwal and Mr RS Goenka quit their jobs to start their own business, Emami
1978: Acquired Himani Limited and set up factory in Kolkata
1984: Boroplus Antiseptic Cream launched, under Himani umbrella
1989: Navratna Cool Oil launched, under the Himani name
1989: Set up second factory in Pondicherry
1998: Expanded the distribution network of the company to South India
1998: Emami merged with Himani Limited
1999: Launch of Sona Chandi Chyawanprash
2005: Launch of Fair and Handsome, the first fairness cream for men
2005: Public issue of 50 lac shares, listed with NSE
2006: Introduced Health Care Division
2006: Merged JB Marketing
2008: Successful Zandu Pharmaceuticals acquisition at Rs 730 crore
2009: Demerged Zandu fmcg into Emami
2009: Raised Rs 310 crore through QIP
2010: Crossed net sales of Rs 1000 crore
2010: Exceeded market cap of Rs 5000 crore
2010: Split of shares from Rs 2 to Re 1 per share
2011: Conceived setting up of its first overseas manufacturing unit in Bangladesh.
2012: Signed 4 Olympians & 1 cricketer as brand endorsers for a single brand, Fast Relief
2012: Started production at Bangladesh manufacturing unit
2013: Bonus Issue; exceeded market capitalisation of Rs. 10,000 crore
2013: Launched BoroPlus Face wash. Signed in Sonakshi Sinha for the endorsement
2014: Declared Interim Dividend of Rs 3 /share
2014: Entered the male deodorants space with HE , with brand ambassador, Hrithik Roshan
2014: Launched Fair & Handsome- Instant Fairness Face wash
2014: Launched Zandu Balm Ultra Power
2014: Acquired ‘She Comfort’ brand
2015: Acquired ‘Kesh King’ Business at Rs 1684 crore ( Including duties & taxes)
2015: Acquired controlling stake in Fravin Pty Ltd.
2015: Launched Zandu Gel Balm Junior
2015: Exceeded Market Cap. Of Rs 23,000 crore
2015: Launched 100% pure honey with Zero-added sugar.
2016: Emami introduces Boroplus Perfect Touch to appeal to the Generation Next
2016: Kesh King Introduces Sachet Pack For Its Shampoo
2017: Emami Limited inaugurates its 3rd Manufacturing Unit in Assam
2018: Navratna Oil launches its new winter variant: Navratna Garam Ayurvedic Tel
2019: Bollywood Action Star Tiger Shroff adds 3-Ka-PunchTo Emami's HE Magic Duo
2019: Emami ropes in Superstar Katrina Kaif as the new face for Emami 7 Oils in One
2020: Emami Limited launches Boroplus Advanced Anti-Germ Hand Sanitizer
2020: BoroPlus ropes in Juhi Chawla for its Hygiene Range